Shell Asset Management Co. Lowers Holdings in FedEx Corporation $FDX

Shell Asset Management Co. trimmed its position in FedEx Corporation (NYSE:FDX) by 77.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,676 shares of the shipping service provider’s stock after selling 9,104 shares during the quarter. Shell Asset Management Co.’s holdings in FedEx were worth $631,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the last quarter. Empowered Funds LLC increased its position in shares of FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of FedEx during the 2nd quarter valued at $586,000. Stratos Wealth Partners LTD. boosted its position in shares of FedEx by 5.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 9,436 shares of the shipping service provider’s stock worth $2,145,000 after purchasing an additional 513 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in FedEx by 5.5% during the 2nd quarter. Koshinski Asset Management Inc. now owns 1,758 shares of the shipping service provider’s stock worth $400,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FDX. Bank of America increased their price target on FedEx from $408.00 to $414.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. BNP Paribas Exane set a $280.00 price objective on shares of FedEx and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Morgan Stanley lifted their target price on shares of FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a research note on Friday, December 19th. Barclays upped their price target on shares of FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $479.00 price objective on shares of FedEx in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $355.50.

FedEx Price Performance

NYSE:FDX opened at $374.61 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The company has a 50 day moving average price of $313.52 and a 200-day moving average price of $267.59. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $380.86. The firm has a market cap of $88.08 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.81 and a beta of 1.33.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same quarter in the previous year, the business earned $4.05 EPS. FedEx’s revenue for the quarter was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be given a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, March 9th. FedEx’s dividend payout ratio (DPR) is 31.97%.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.